Fintech neobanking startup, Kaleidofin raised $15 million in Series B led by the Michael and Susan Dell Foundation where Bill & Melinda Gates Foundation’s Strategic Investment Fund, and other angel investors as well as existing investors also participated.
Kaleidofin provides customised goal-based financial solutions to India's underserved segments. The additional funds will be used to expand Kaleidofin's product lines, particularly KaleidoCredit, which provides financial solutions to individuals and micro SMEs. The startup claims to have more than 1.2 million active transacting customers in India. It is present in 14 Indian states and over 230 districts.